📈 IFC to Invest US$ 20 Mn in SAGT Expansion

The International Finance Corporation (IFC) has proposed a US$ 20 million investment to bolster the capacity of the South Asia Gateway Terminals (SAGT) at the Port of Colombo. • Investment Details: The funding, structured through the IFC’s Managed Co-Lending Portfolio Program and parallel lenders, will finance the acquisition of new ship-to-shore cranes. • Operational Impact: The expansion aims to enhance operational productivity and competitiveness of the terminal, while simultaneously reducing fuel consumption and carbon emissions. • Strategic Significance: As a primary transshipment hub for India, Bangladesh, Pakistan, and the Maldives, this upgrade supports the maritime and logistics sector's regional dominance and sustainability. • Broader IFC Context: This move follows recent IFC commitments in Sri Lanka, including US$ 40 million for food manufacturing (CBL Group) and a US$ 166 million package targeting SMEs, agri-business, and women-owned enterprises. Note: Based on proposed investment data as of February 2026.